Overview: In 2018 Montserrat was the number 216 in total exports and the number 216 in total imports. In 2018, Montserrat exported $5.72M and imported $19.8M, resulting in a negative trade balance of -$14.1M.
In 2018 Montserrat exported a total of $5.72M, making it the number 216 exporter in the world. During the last five reported years the exports of Montserrat have changed by -$2.29M from $8.01M in 2013 to $5.72M in 2018.
In 2018 Montserrat imported $19.8M, making it the number 216 trade destination in the world. During the last five reported years the imports of Montserrat changed by -$37M from $56.8M in 2013 to $19.8M in 2018.
In 2013, Montserrat exported $13.9M worth of services. The top services exported by Montserrat in 2013 were Travel ($7.59M), Computer and information services ($3.36M), Sea transport ($1.02M), Air transport ($900k), and Miscellaneous business, professional, and technical services ($688k).
The top services imported by Montserrat in 2013 were Sea transport ($3.99M), Government services, n.i.e. ($3.61M), Miscellaneous business, professional, and technical services ($3.55M), Travel ($3.05M), and Computer and information services ($3.02M).
Montserrat has a high level of specialization in Barium Sulphate (2.7k), Sand (2.14k), Quartz (914), Granite (420), and Gravel and Crushed Stone (354). Specialization is measured using RCA, an index that takes the ratio between Montserrat observed and expected exports in each product.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.